Meanwhile, the seller apparently is under the impression that he has no role in accepting offers. Huh? As Emelia says, in a short sale, the owner is the owner. It's a purchase transaction subject to lender approval. But first it goes to the owner.
Unless this is the absolute bargain of the century, just move on.
Hope that helps.
You need to understand that the listing Realtor is working for the 6% paycheck, which he will have to pay half to your Realtor, so he is taking offers from his side. The listing price of a Short Sale is nowhere close the Offer price I submit. That is just a market value, my offer is 62 to 80% for fair market value, or less because you can never ask the bank to lower an offer once you make one, but you can go up in the negotiations. I put into my contract that the deposit will be put in escrow when I have an accepted Short sale not before. I make 10 to 40 offers a month, and would never put $5,000 down on each deal.
If you want to buy a house and put a big down, just buy a standard deal. Don't do a Short Sale because you might just find the house of your dreams while you are waiting for a Short Sale to accept your offer, and you will not be able to do something else because you and your down payment are locked into a deal you may never get.
Short Sales are now becoming the norm of the market. Foreclosures are fewer due to the new HAFA program which is a more streamlined short sale process and standardized forms. Its about time something was done.
However, it will take a little longer for all parties involved in a short sale to understand and impliment the new process. Its been a while and I was wondering if you found a home in American Canyon?
How many offers does the house have and which one has been sent to the bank? Your agent should know and by now so should you! You should have been told where you stand so that you can either wait or keep looking - if you have not been told or do not know the answer to any of these questions! keep looking!!
Yes most of the inventory is short sales. I don't mean to discourage you but there needs to be a little more investigating when you are considering making an offer on a short sale. 1. If there is already an offer submitted to the lender don't waste your time. 2. How many lien holders and who are they do not put in an offer on any property that has 3 or more. I hate to say #3 because we all have to learn somewhere. 3. What experience does the listing agent have in negotiating the short sale. Or at a minimum that they work for a big real estate company that is big on training and mentoring. There are a several agents outsourcing the negotiation and they are passing the cost to the buyer 1/2%-1% of sold price.
As for the offer you have in right now - "the seller is in dark" they obviously don't know what they are doing. I would continue looking for a house until you are told, "Seller has accepted your offer (should not take longer than a week) and it will be submitted to the lender for approval" (This could be weeks or months).